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Exploding the Myth - Corn Prices Not Rising Because Of Ethanol [View All]

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percussivemadness Donating Member (733 posts) Send PM | Profile | Ignore Sat May-31-08 02:33 PM
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Exploding the Myth - Corn Prices Not Rising Because Of Ethanol
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Brilliant blog by Ally Klimkoski, a must read:

"I spoke with Jim Martin (no relation to Marshall) who is on the Federal Technical Advisory Committee for Biomass Research and Development, and he confirmed that blaming it all on ethanol neglects a number of other factors that don't always fit into a 30 second analysis.

According to Jim Martin, in 2007 the USDA reported that the US produced over 13 billion bushels of corn, the biggest corn crop ever.

"That was 2.5 billion bushels more than in 2006. In the same year, 2007, demand for corn to make ethanol went up by a billion bushels, increasing supply over and above ethanol demand, by about a billion and a half more bushels in the US than the year before. Normally that would create a surplus and prices would have fallen. They did fall for a while in late 2007, but have bounced right back up..."


http://www.bidforgreen.com/bid/guestblog.php
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